Brucejack Gold / Silver Mine

Pretivm’s 100%-owned Brucejack is currently in construction. It is a high-grade gold exploration project which is part of a largely unexplored land package of over 103,000 hectares located 65 kilometers north of Stewart. Brucejack is comprised of high-grade, visible gold stringers within a lower grade (5 to 20 grams per tonne) gold quartz stockwork system.

About This Project

A feasibility study for Brucejack was completed in June 2013 for an underground mine with an operating rate of 2,700 tonnes per day using a mining method of long-hole stoping and cemented paste backfill. Stopes will be mined using a combination of longitudinal and transverse mining, depending on zone width and orientation. Cemented paste tailings will be prepared in a paste plant located on surface near the mill and then pumped underground for distribution to the stopes.

In December 2013, an updated Mineral Resource estimate was reported for the Valley of the Kings after further drilling operations. The Mineral Resource estimate was completed by Snowden Mining Industry Consultants (“Snowden”). The high-grade gold resources in the Valley of the Kings (5.0 g/t gold-equivalent cut-off) total:

8.7 million ounces of gold in the Measured and Indicated Resource categories (15.3 million tonnes grading 17.6 grams of gold per tonne); and

4.9 million ounces of gold in the Inferred Mineral Resource category (5.9 million tonnes grading 25.6 grams of gold per tonne).

Based on these significant findings, Pretivm is working to complete an amended feasability study based on the 2013 Valley of the Kings Mineral Resource estimate which is expected in the first half of 2014. In addition, Pretivm expects to file its Environmental Assessment Certificate application for the Brucejack Project in the first quarter of 2014.

Once in operation, Brucejack is expected to employ approximately 500 people. Commercial production at Brucejack is targeted to commence in 2016.